INVEST Financial Corp. has acquired the bank contracts of PFIC Securities Corp.
INVEST, Tampa, Fla., is a broker-dealer that helps banks sell securities. The company is an indirect subsidiary of Prudential P.L.C., London.
PFIC is a unit of Morgan Keegan & Company Inc., Memphis, Tenn., that has been supporting 400 representatives at 57 financial institutions, community banks, credit unions and independent contractors.